Adani eyes top spot in solar power by 2025
Moving away from polluting coal, billionaire Gautam Adani on Wednesday laid out a blueprint to make his group the world’s largest solar power company by 2025 and the biggest renewable energy firm by 2030 through aggressive capacity addition push in these areas.
The $15-billion Adani Group — a sprawling conglomerate with interests in energy, agri-business, real estate and defence, among others — plans to double its renewable power generating capacity of current 2.5 gigawatts (GW) by 2020 and further to 18 GW by 2025, Adani wrote in a Linkedin post.
“Our vision is to become the world’s largest solar power company by 2025 and largest renewable power company by 2030,” the Adani Group chairman wrote.
Adani Group not just owns coal-fired power plants but also coal mines in India and Australia. It has invested big time in coal as the Adani empire of mines, cargo ships, ports and power plants depend heavily on it.
He said the Adani Group has moved quickly into a position to lead the clean energy transformation taking place not just in India but on the global stage that will see the group building one of the largest integrated energy portfolios.
Source: The Tribune